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☆ Asking prices for UK homes pick up slightly despite summer slowdown: Rightmove
▼ + stars: | 2023-09-17 | by ( ) www.reuters.com time to read: +2 min

A rainbow is seen over apartments in Wandsworth on the River Thames as UK house prices continue to fall, in London, Britain, August 26, 2023. Rightmove said average asking prices for homes increased by 0.4% from the sharp 1.9% drop in the month before, but below the ten-year average of a 0.6% rise in September. A closely-watched Royal Institution of Chartered Surveyors report last week showed a sharp contraction in the market was underway. Rightmove said the number of home sales was down 7% compared with 2019, before the pandemic distorted the market. It said the rate of reduction in asking prices and the number of homes reduced in price hit the highest since January 2011.

Persons: Kevin Coombs, Rightmove, Tim Bannister, Bannister, Suban Abdulla Organizations: REUTERS, Bank of England, Royal Institution, Chartered Surveyors, Bank of England's, Nationwide, Thomson Locations: Wandsworth, London, Britain, Halifax

☆ Tupac, Cocaine, Murder: Henchmen Brothers, Hip-Hop's Forgotten Moguls
▼ + stars: | 2023-09-17 | by ( David Kushner | ) www.businessinsider.com time to read: +39 min

Mario called Tupac. All he could do was listen to her cry as he explained that he didn't know when he'd be back. He didn't speak Spanish, didn't know a soul in Mexico, and had no clue where he would be sent. Mario didn't ask why, and the guy didn't inquire about Mario's predicament. "It's all good, man," Mario told Jimmy.

Persons: Mario Rosemond, Rosemond, Jimmy, Mario, Akon, Sean Kingston, Gucci Mane, Jimmy Rosemond —, Lowell, Lodi Mack, Fletcher, Tupac Shakur, Tupac, Biggie Smalls, Jimmy Rosemond, Saul Goodman, Tommy Davis, Mario stammered, It's, Jimmy Jr, Andrea, Constantin, Johnny Nunez, Rikers, —, Slick, Russell Simmons, Benny Medina, Lyor Cohen, Chris Lighty, Mona Scott, Mark Sparks, Shoop, Paul Bergen, Bryce Wilson, Wilson, Mohammed, Tef, Stewart, Little Shawn, Puff Daddy, Pac, Freddie Moore, Moore, Al Pereira, would've, Jimmy wasn't, They'd, didn't, Jimmy didn't, —, Mike Tyson, Lennox Lewis, Wyclef Jean, Garland, Cyrus, THONY BELIZAIRE, Mariah Carey, LL, Missy Elliott, Cent, Tef Stewart, Jimmy Rosemond Jr, Jimmy Sr, Khalil Abdullah, Jimmy Iovine, determinedly, DJ Skee, Mario couldn't, Mario chuckles, he'd, GummyBone, Mario didn't, I'm, freckling, he's, isn't, I've, Jim Brown, Michael K, Williams, Donald Trump, Arturo Holmes, Scott Olson, Trump, Brown, James Rosemond Jr, David Kushner Organizations: FBI, Entertainment, Justice Department, Bronx ., Quad Studios, AP, grandad, Wall, Black Panthers, Junior Mafia, Hollywood, Haiti, Management, Apollo, Lowell, Racing, Interscope Records, Interscope, Feds, Department of Motor Vehicles, DMV, Colombian, York Post, Drug, Administration, NFL, Trump, Stone, Atari Locations: Mexico, Haiti, Brooklyn, Bronx, Cuernavaca, Spanish, Rahway , New Jersey, Port, New York City, Vanderveer Estates, East Flatbush, Rikers, Islam, Miami Beach, New York, New Jersey, East Coast, West Coast, Plainfield , New Jersey, Brandy, Los Angeles, Czar's, Harlem, LA, California, Beverly Hills, San, Tijuana, Mexico City, Colombian, San Diego, Manhattan

In the gloom of China’s economy, one area of business is booming: cosmetics. After enduring nearly three years of mandatory masks and frequent lockdowns during the pandemic, many Chinese consumers, wary of big-ticket purchases like apartments, are now splurging on lipstick, perfume, moisturizers and other personal care products. But cosmetics companies from France, Japan, South Korea and the United States, which have invested heavily in China, are missing out on a lot of the action. As China’s cosmetics companies are booming, imports of cosmetics are wilting under regulations that the country imposed on foreign manufacturers during the pandemic. While China’s trade conflicts with the West over semiconductors pivot on national security and technological innovation, the dispute over cosmetics is largely about money.

Locations: France, Japan, South Korea, United States, China

Now she stood near the Koutoubia Mosque, where she and other Marrakesh residents once prayed regularly, filling it during the holy fasting month of Ramadan or the days of Eid. Its square had been sealed off by metal barriers and police tape while experts assessed the damage, but no final diagnosis had been made, according to a government official. “I would love to go there and pray for the dead,” said Ms. Chuegra, “but I’m afraid it might collapse.”Elsewhere in Marrakesh, several museums, as well as the 16th-century El Badi Palace (often translated as “The Incomparable”) and the late 19th-century El Bahia Palace (“The Beautiful”) were closed to visitors. Experts have judged them to be in serious condition, and what appeared to be materials for shoring up the structure of El Badi were piled outside the palace on Wednesday. Residents said the apparently untouched or lightly cracked exterior walls of the homes hid serious destruction within.

Persons: “, ”, Chuegra, El Organizations: Residents Locations: Koutoubia, Marrakesh, Bahia, El Badi, Medina, guesthouses

☆ New York City Cracked Down on Airbnb. What Happens Next?
▼ + stars: | 2023-09-16 | by ( Mihir Zaveri | More About Mihir Zaveri | ) www.nytimes.com time to read: +1 min

Since 2018, Tricia Toliver, a freelance stage manager, has rented out the bottom floor of her Brooklyn townhouse through Airbnb, earning more than $3,000 a month by hosting visitors to New York City for a few days at a time. But after city officials last week started enforcing rules prohibiting short-term rentals in apartments like hers, Ms. Toliver, 64, had to figure out what she would do with the South Slope apartment. The new rules, which went into effect on Sept. 5, mean as many as 10,800 listings for short-term rentals will likely no longer be available, according to a city estimate from the end of March. City officials say the shift will force property owners to rent those homes to residents instead of visitors, helping to ease the city’s housing shortage. And some, like Ms. Toliver, are waiting, hoping that backlash to the enforcement scheme will change things so she can rent the apartment out again.

Persons: Tricia Toliver, Toliver, “, ” Locations: Brooklyn, Airbnb, New York City

The Fund will strongly urge Beijing to shift its growth model away from debt-fueled infrastructure investment and real estate, she said. "Our advice to China is use your policy space in a way that helps you shift your growth model towards more domestic consumption," Georgieva said. "We actually project that without structural reforms, medium term growth in China can fall below 4%," Georgieva said. ANEMIC GLOBAL GROWTHThe IMF is preparing to issue a new set of global growth forecasts ahead of IMF and World Bank annual meetings Oct. 9-15. With China generating about a third of global growth this year, its growth rate "matters to Asia, and it matters to the rest of the world," Georgieva said.

Persons: Yuri Gripas, Kristalina Georgieva, Georgieva, Gina Raimondo's, Andrea Shalal, David Lawder, Chris Reese, Tom Hogue Organizations: Monetary Fund, REUTERS, Rights, Reuters, IMF, World Bank, U.S . Commerce, Thomson Locations: Washington , U.S, China, Beijing, United States, Europe, Morocco, Asia

[1/6] Home buyers stand inside an unfinished residential building of the Gaotie Wellness City complex in Tongchuan, Shaanxi province, China September 12, 2023. "I almost never drink water, wash my face or brush my teeth," said Shi, 39, who moved into the Gaotie Wellness City complex in May. I have no money now, I've lost my family property and all that's left is this unfinished building." Tongchuan city government and China's housing ministry did not immediately respond to a request for comment. To enter the complex, residents pick their way through an overgrown field, past abandoned construction machinery to a hole in the wall.

Persons: Tingshu Wang, Shi Tieniu, Shi, I've, I'm, Gao, Qi Xiaoxia, we've, Laurie Chen, Xiaoyu Yin, Lincoln Organizations: Gaotie Wellness, REUTERS, UBS, Tongchuan, Reuters, Buyers, Country, Thomson Locations: Tongchuan, Shaanxi, China, China's Shaanxi

☆ China Frees Banks to Lend More in Latest Attempt to Spur Economy
▼ + stars: | 2023-09-14 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

China’s central bank announced a policy change on Thursday that will allow the country’s banks to lend more money, but a nationwide economic slowdown has left many companies and households wary of borrowing. Other measures taken to strengthen borrowing and spending have included government-guided interest rate cuts in June and a round of rate reductions last month on many bank loans. Policymakers in some of China’s biggest cities have taken steps to make it easier to get a mortgage by lowering down payment requirements. The dilemma for the banks is that many companies, facing weak sales, are reluctant to borrow more. Banks have found themselves under pressure to lend money by buying bonds from deeply indebted provincial and local governments that need to pay for big infrastructure projects to create jobs.

Persons: Banks Locations: China’s

☆ It’s Cozy and Cheap, but Do You Want to Live in This Social Media Magnet?
▼ + stars: | 2023-09-14 | by ( Farah Nayeri | More About Farah Nayeri | ) www.nytimes.com time to read: +1 min

“Our desire to be social with different people — including influencers and celebrities, or people who are living in a different place in a different way — can all play out on social media, because it feels like we are making a personal connection,” she said. “From the data that we have so far, there is no basis to say that social media have the ability to change behavior in that way,” he said. For people looking to live and work in big cities, the post-pandemic housing situation is dire. In Manhattan in June, the average rental price was $5,470, according to a report from the real-estate brokerage Douglas Elliman. Across the city, the average rent this month is $3,644, reports Apartments.com, a listing site.

Persons: ”, Pablo J, Douglas, Apartments.com Organizations: Northwestern University Locations: Manhattan, London

☆ What is shadow banking? Unpacking the risks for China
▼ + stars: | 2023-09-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

China Photos | Getty Images News | Getty ImagesBEIJING — China's real estate problems have again drawn attention to the world of shadow banking and the risks it poses to the economy. Shadow banking — a term coined in the U.S. in 2007 — refers to financial services offered outside the formal banking system, which is highly regulated. Estimates of the size of shadow banking in China vary widely, but range in the trillions of U.S. dollars. Shadow banking and real estateChina's property sector, an estimated one-fourth of the economy, lies at the intersection of shadow banking, local government finances and household assets. "These trust companies were basically part of the shadow banking system in China."

Persons: —, Logan Wright, Wright, Shimao, PwC, Edward Chan, Nomura Organizations: Getty, BEIJING, Developers, Logan Wright Center for Strategic, Center for Strategic, Studies, PricewaterhouseCoopers, CNBC, CSIS Locations: Shanghai, China, U.S

TORONTO (AP) — Three generations of a Ukrainian family sit in a van in the documentary “In the Rearview.” They stare straightforward, staggered by all they’ve left behind. “I come from an aristocratic family,” one woman says in the film. The biggest battleground isn’t just a war zone but the home. In recent years, Canada has reckoned with its past treatment of Indigenous people, including heinous sterilization programs and forced-schooling systems. “Coming to New Zealand, being Māori, we don’t see enough of ourselves on screen,” Waititi said.

Persons: ”, “, Maciek Hamela’s van, Um Tae, Lee Byung, Ly’s, ” Ly, Oscar, Les, Alexis Manenti, Cameron Bailey, Waititi, ” Waititi, ” Hollywood’s, ” Andrew Haigh’s “, —, Cord, Jeffrey Wright, Hayao, Miyazaki, Alexander Payne’s “, Paul Giamatti, Da’Vine Joy Randolph, Dominic Sessa —, Agnieszka Holland’s “, Raoul Peck’s “, James Baldwin, –, Melvin, Peck, William Tecumseh Sherman, Garrison Frazier, Jonathan Glazer, Rudolf Höss, Christian Friedel, Hedwig, Sandra Hüller, Glazer, Nikolaj Arcel’s “, Mads Mikkelsen, Jonathan Demme’s, David Byrne, Jake Coyle Organizations: TORONTO, Toronto, America Samoa soccer team, “, Twitter Locations: Ukraine, Seoul, South Korea, Paris, Batiment, France, Canada, America, New Zealand, ” Toronto, Venice, New England, Belarus, Poland, Haitian, North Carolina, Georgia, Auschwitz, Denmark, Jutland Heath

☆ Singapore is the world's 6th Blue Zone — and a look at its urban planning helps explain why
▼ + stars: | 2023-09-14 | by ( Amanda Goh | ) www.businessinsider.com time to read: +6 min

Singapore is the world's sixth Blue Zone, according to Dan Buettner, a journalist who popularized the term. In the Netflix series "Live to 100," Buettner shows how the country is designed to encourage its residents to live healthier. Policies on housing, transportation, and hawker centers come together to create what he calls a "Blue Zone 2.0." The original five Blue Zone regions include Okinawa in Japan, Ikaria in Greece, Sardinia in Italy, Nicoya in Costa Rica, as well as Loma Linda in California. "You share tables and you're interacting with the stall user, interacting with the person next to you," Buettner told Fortune.

Persons: Dan Buettner, Buettner, Amanda Goh, Chan Heng Chee, Chan Organizations: Netflix, Service, World Bank, Housing Development Board, Ministry of Foreign Affairs, Transportation, Singapore, Hawker Locations: Singapore, Wall, Silicon, Okinawa, Japan, Ikaria, Greece, Sardinia, Italy, Nicoya, Costa Rica, California

☆ Manhattan median rent remains at record high of nearly $4,400 a month
▼ + stars: | 2023-09-14 | by ( Robert Frank | ) www.cnbc.com time to read: +3 min

Manhattan renters may have reached their "affordability threshold" in August, as median rents remained at record high, according to a new report. The median rent in Manhattan in August was $4,370 a month, unchanged from the record high in July, according to data from brokerage firm Douglas Elliman and the appraisal and research firm Miller Samuel. The drop suggests that while asking rents for new leases are high, renters are balking at the prices. In short, Manhattan renters may have reached their price limit. According to Redfin, the median national rent in August was $2,052, just $2 below the record-high last year.

Persons: Douglas Elliman, Miller Samuel, Jonathan Miller, Miller, Redfin Organizations: Brokers Locations: East Village, New York, Manhattan

Political Cartoons View All 1157 ImagesHe received a 90-day extension for the House financial disclosure in May, then missed the due date in August. At the time, he said he planned to file the disclosure within a 30-day grace period permitted by the federal government. That period elapsed Wednesday, with Santos saying he had no plans to file until submitting his federal tax returns from last year. “Despite my legal team’s and my best efforts to meet the deadlines, additional auditing and tax filing for 2022 remained,” he said. “I still have until November 2023 to submit my 2022 taxes with the IRS in order to avoid legal troubles.”“Because House filing deadlines conflict with IRS regulations, this misalignment exists,” he added.

Persons: George Santos, Santos, ” Santos, ”, “, Stephen Spaulding, ” Spaulding, Spaulding, “ It’s Organizations: — U.S . Rep, Wednesday, New, Republican, Associated Press

☆ US pharmacy chains gear up to administer updated COVID shots
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Kamil Krzaczynski/File Photo Acquire Licensing RightsSept 13 (Reuters) - Drugstore chains CVS Health (CVS.N) and Walgreens Boots Alliance (WBA.O) said on Wednesday that updated COVID-19 vaccines would be available at their stores as soon as this week. The U.S. Centers for Disease Control and Prevention (CDC) director on Tuesday signed off on broad use of updated COVID-19 vaccines, arming a push to align the next round of shots more closely with the circulating variant of the virus, much like annual flu shots are designed. The U.S. Food and Drug Administration has approved an updated vaccine made by Pfizer (PFE.N) and its German partner BioNTech (22UAy.DE) as well as one by Moderna (MRNA.O) for people ages 12 and above. The agency has also authorized the shots for emergency use in children ages 6 months through 11 years. Walgreens said it would start taking appointments for the updated vaccines from Monday, but could begin earlier appointments as stores receive vaccines this week.

Persons: Luis S, Solano, Victor Walchirk, Kamil Krzaczynski, BioNTech, Christy Santhosh, Devika Organizations: Pfizer, Victor, REUTERS, Walgreens Boots Alliance, U.S . Centers for Disease Control, Prevention, U.S . Food, Drug Administration, Moderna, Walgreens, Rite, CVS, Retail, Walmart, Thomson Locations: Evanston , Illinois, U.S, Bengaluru

☆ Affordable Housing Crisis in US West: Why It's Hard to Build New Homes
▼ + stars: | 2023-09-13 | by ( Kyle Paoletta | ) www.businessinsider.com time to read: +15 min

The solution to keep prices under control seems fairly simple: Just build more housing. For a time, sprawl boosted housing supply and accommodated newcomers to the West: Nearly 60 million more people live in the region now compared with the 1950s. Running out of landWhen the economy crashed in 2008, housing construction screeched to a halt. All this red tape has caused a serious slowdown in much-needed housing construction. Build, build, buildDespite the unique challenges of building in the paradoxically wide-open West, some cities have been able to break through.

Persons: Mike Segrest, Megan Lawson, Kyle Stevens, Carrier Johnson, “, Lawson, Land Management . Nevada Sen, Catherine Cortez Masto, Kyle Roerink, Hillary Schieve, Schieve, Howard Blackson, Kyle Paoletta's Organizations: Forest Service, Southern Ute, Marin Headlands, Bureau, Land Management ., Water Network, Biggest, Biggest Little City, Housing Administration, Harper's Magazine, New York Magazine, Oasis Locations: Colorado, Durango ., it's, Animas, San Juan Mountains, Durango, Las Vegas, Montana, Houston, Minneapolis, Rocky, Phoenix, Denver, Mississippi, San Diego, San Jose , California, Marin County, San Francisco, Santa Fe , New Mexico, Jackson , Wyoming, California, Land Management . Nevada, Vegas, Reno , Nevada, Reno, Cumulatively, Biggest Little, Summit, Washington

☆ US looks to offload $13 bln of mortgage bonds seized from SVB, Signature - Bloomberg News
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +1 min

A customer leaves after speaking with FDIC representatives inside of the Silicon Valley Bank headquarters in Santa Clara, California, U.S., March 13, 2023. REUTERS/Brittany Hosea-Small Acquire Licensing RightsSept 12 (Reuters) - The U.S. government is looking to offload nearly $13 billion of mortgage bonds it amassed from Silicon Valley Bank and Signature Bank following the collapse of the lenders, Bloomberg News reported on Tuesday, citing people with knowledge of the transactions. The FDIC has also discussed alternatives to cutting the prices on the bonds, including potentially repackaging the debt into new securities, the report said. The FDIC in April retained BlackRock (BLK.N) unit Financial Market Advisory to sell the securities portfolios of the two failed lenders. BlackRock had preliminary discussions with investors about the mortgage bonds, but they proved hard to sell, the Bloomberg report said on Tuesday.

Persons: Brittany Hosea, Deborah Sophia, Shailesh Organizations: Bank, REUTERS, U.S, Silicon Valley Bank, Signature Bank, Bloomberg, Federal Deposit Insurance Corp, FDIC, Advisory, BlackRock, Thomson Locations: Santa Clara , California, U.S, Silicon, BlackRock, Bengaluru

☆ Polish filmmaker brings struggle of Ukrainian evacuations to TIFF
▼ + stars: | 2023-09-12 | by ( Jenna Zucker | ) www.reuters.com time to read: +2 min

Polish filmmaker Maciek Hamela speaks to Reuters about his new documentary "In the Rearview", in Toronto, Ontario, Canada, September 11, 2023. REUTERS/Dennis Porter Acquire Licensing RightsSept 12 (Reuters) - Days after Russia launched its war on Ukraine, Polish filmmaker Maciek Hamela left his home in Warsaw, bought a van, and began transporting evacuees to safety. Hosting its North American premiere at the Toronto International Film Festival on Tuesday, Hamela hopes the audience can put themselves in the refugees’ shoes. “Many of these people, especially in the first weeks of the war, they just wanted to get out,” Hamela said. “I'd like people to come and see this film not just because it's about the war in Ukraine,” Hamela said.

Persons: Maciek Hamela, Dennis Porter, Hamela, ”, ” Hamela, ‘, We’ll, “, Jenna Zucker, David Gregorio Our Organizations: Reuters, REUTERS, Russia, American, Toronto, UNHCR, “, Thomson Locations: Toronto , Ontario, Canada, Ukraine, Polish, Warsaw, Europe

The figures suggest that China's latest steps to revive a crisis-hit property market, including lower mortgage rates and down payments, could unlock some pockets of housing demand in the most sought-after areas, but may struggle to halt the broader property market downturn. "These measures may generate a short-term rebound in property transactions, but are insufficient to stabilize the property market," Goldman Sachs analysts said in a note. But Yu Fei, a property sales agent at HomeLink, said the initial spike in interest he noticed in the first few days is already petering out. "Many homebuyers remain in a wait-and-see approach, some hoping for more radical policies to stimulate the property market," Yu said. Goldman analysts said if property sales kept sliding policymakers could release more liquidity into the market by cutting banks' reserve requirement ratios, lowering rates, easing home purchasing rules further.

Persons: Jason Lee, Goldman Sachs, Zhang Guoqiang, I'm, Zhang, Zhao Jie, Yu Fei, Yu, Goldman, Wan, Emelia Sithole Organizations: REUTERS, China Index, Haitong Securities, Longfor, HK, Thomson Locations: Beijing, China, BEIJING, HONG KONG, China's

☆ Office sector collapse will cost US banks as much as $250 billion, hedge fund boss says
▼ + stars: | 2023-09-11 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Ongoing weakness in the office sector will cost US banks as much as $250 billion. AdvertisementAdvertisementAlso weighing on the commercial real estate market is higher interest rates, which should put pressure on landlords that have to refinance their loans in the near term. Most owners of commercial real estate have been able to take advantage of the near-zero rates over the past decade. But other areas of the commercial market should remain solid, like industrial real estate, multifamily housing, and data center spaces, according to Bass. When you look at multifamily, multifamily is doing really well," he said.

Persons: Kyle Bass, Bass, multifamily, it's Organizations: Service, Hayman Capital Management, Bloomberg, Bass Locations: Wall, Silicon

☆ Her Choice: Love, or the Lease on a Beloved Studio. It Took Some Thought.
▼ + stars: | 2023-09-11 | by ( D.W. Gibson | ) www.nytimes.com time to read: +1 min

Ms. Wood said it was meaningful that, from the very beginning, “we knew how to deal with each other at great moments of stress.”They enjoyed a friendship for a couple of years, then started dating in 2018. Mr. Brown watched Ms. Wood settle into her beloved studio. “It was about creating a home, creating an oasis for herself, and she found that. “To get the place,” she said, “I had to pull aside the broker at an open house and wire transfer a months’ rent. Everyone else is wasting time testing the water pressure, and I’m thinking I’ve already got my deposit in.”

Persons: Wood, “, ”, Brown, Brooklyn Lauren Wood, I’ve Organizations: Mr Locations: Williamsburg, Brooklyn

LGBTQ+ people from China, frequently scorned and ostracized at home, are coming to Thailand in droves, drawn by the freedom to be themselves. Thailand doesn't keep figures on LGBTQ+ tourists. But through mid-August, it has counted 2.2 million Chinese tourists out of an overall 16 million. But LGBTQ+ people in China face other pressures to conform that can make the free expression of their identities difficult. Another draw for tourists, inside and outside the LGBTQ+ community, is Thailand’s loose enforcement of prostitution laws and renowned nightclub shows.

Persons: Xinyu Wen, Wen, “, ”, ” “, hasn't, Apichai Chatchalermkit, Owen Zhu, Jade Yang, Yang, Adisak Wongwaikankha, Eros Li, Li Organizations: Thailand Tourism Authority, The Nation Locations: BANGKOK, Thailand, Bangkok's, Thai, China, Bangkok, “, Beijing, Malaysia, Asia, asia

☆ Architects are cutting big holes in the middle of skyscrapers and adding more floors to turn empty NYC offices into apartments
▼ + stars: | 2023-09-10 | by ( Eliza Relman | ) www.businessinsider.com time to read: +8 min

A developer and an architect explain how they transformed NYC financial district office buildings. But some developers and architects have used the opportunity to lean into a business model they'd been pursuing long before COVID-19: turning empty office buildings into housing. They're currently finishing up their transformation of 160 Water Street, a 1970s office tower in lower Manhattan that will become 586 apartments. AdvertisementAdvertisementThe exterior of 160 Water Street, a former office building that's undergoing full reconstruction to create nearly 600 market-price apartments. Rent at 160 Water will range from about $3,500 for a studio apartment up to $7,500 for a two-bedroom.

Persons: they'd, They're, Vanbarton, Eric Adams, Joey Chilelli, Robert Fuller, Fuller, Lev Radin, Chilelli, — Organizations: Service, Vanbarton Group, New Locations: NYC, Wall, Silicon, York, Manhattan, New York

☆ Cash-strapped New Yorkers are doing the unthinkable: Moving to Jersey City
▼ + stars: | 2023-09-10 | by ( Juliana Kaplan | Noah Sheidlower | ) www.businessinsider.com time to read: +12 min

New Yorkers fed up with a tough housing market are making the pilgrimage to Jersey City. New York City housing is becoming more elusive and expensive, and Jersey City is an attractive option. That's not to say that Jersey City is much cheaper, but there are more options: Along the Hudson River waterfront in Jersey City, dozens of luxury high-rises have sprouted up within the last 10 years, some filled with their own coffee shops, heated pools, and rooftop dog runs. Now, he knows at least eight to 10 acquaintances who have taken the Jersey City plunge since he moved. When it comes to the space and amenities that Jersey City provides, "once you have it, you can't go back."

Persons: Chelsea Vaughn, I'm, Vaughn, brownstones, Vaughn isn't, Steven Fulop, Fulop, cringes, Alexa Lacayo, would've, She'd, Susannah Byrne, Byrne, should've, Joey Politano, Zack Chibane, he's, Chibane Organizations: Service, Bushwick, Jersey City, New, Apple, Jersey, NYC, Income Housing Association, Alexa, New York's Financial, York, New Jersey, New York Locations: Jersey City, While Jersey, York, New York City, Jersey, Wall, Silicon, Brooklyn, Brooklyn , Manhattan, Vaughn, Harlem, New York, Grove, —, It's, Florida, New, Manhattan, Hoboken, Murray Hill, Hudson, NYC, New Jersey

☆ My Windows Are Filthy and the Landlord Won’t Clean Them
▼ + stars: | 2023-09-09 | by ( Jill Terreri Ramos | ) www.nytimes.com time to read: 1 min

Q: I’ve lived in a rent-stabilized apartment in Hudson Heights for almost seven years and have no real complaints except for one thing: The windows are absolutely filthy! I called the management company to see if it has a preferred window-cleaning service, to no avail. I am on the third floor and cannot clean the windows, because they are old and do not open into the apartment. A: There is nothing explicit in the law that requires the landlord to clean your windows. But that doesn’t mean the dirty windows aren’t posing health hazards that the city must take seriously.

Persons: I’ve Locations: Hudson Heights

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